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Apr 6, 2010 9:00am EDT
virginia state supreme court justice who had ruled against the company. but those contributions triggered a landmark ruling from the u.s. supreme court when the judge who won that election refused to recuse himself from a lawsuit involving massey. however, when that case went back to the west virginia supreme court, that earlier ruling favoring massey and setting aside a $50 million verdict was upheld. david? >> as we get set to send it over to bob pisani on the floor of the new york stock exchange, will we hit 11,000 today? there is a look at the s&p. everything is looking down just a bit in terms of where we were on fair value. take it away, mr. pisani. >> 27 points. david, we were at, what, 10,700 weeks ago. went up 10% in seven weeks. not bad. april is the best month for the dow. it is not january, february. historically the dow is up about 2% on the month already. we're up 1.1%. we'll get the fomc this afternoon. that might put us over the top, only a matter of time from this point on. big movers in the s&p this year, bank stocks and home builders. jpmorgan upgrades the ban
Apr 23, 2010 9:00am EDT
, riversource investments, chief market strategist. and in richmond, virginia, doug sandler, co-founder of riverfront investment group. start with doug sandler. good morning. >> good morning. >> is this rally just doesn't seem to want to quit. >> well, this is the way a bull market typically works is you have the first year ends up being, you know, a pretty strong cycle and then it's the -- the real trick is to kind of stay on the wave, and that's essentially where we are, is fundamentals have improved, whether it's economics, whether it's earnings, whether it's cds spreads or the spreads that you're seeing in the bond market. on the other hand, valuations far from excessive. it's not cheap, but it's not excessive, so our view is you stay on the wave. we're getting confirmation signals everywhere, and stocks are reasonably priced, especially versus alternative assets. >> so, people can buy comfortably at these levels? >> yeah. i think you can. i think there's a couple sectors we're avoiding. i think the commodity complex is an area that we've trimmed back significantly. so, energy, mate
Search Results 0 to 1 of about 2